Cares ACT grant and taxes

Paying for College
1

I know scholarships and Pell grants are taxable if they’re above and beyond QEE, but what about Cares ACT funds? I’m not seeing any stipulations on how the money is used.

Just trying to get a handle on what I’m going to be looking at with DS’s tax return for this year.

2

Cares Act money is not taxable. FAQs: Higher Education Emergency Relief Fund and Emergency Financial Aid Grants under the CARES Act | Internal Revenue Service

3 Likes
3

Thanks, I have been wondering the same thing.